How Long It Takes to Receive a Refund

Answer

Refunds resulting from financial aid being disbursed to student accounts will be processed within two weeks of financial aid disbursement and a credit balance creation. As most financial aid awards are not disbursed to student accounts until after the end of the add/drop period for each semester, refunds are not issued until this time.

Since full refunds cannot be issued until financial aid has been disbursed and a credit balance has been created on the student account, students should respond quickly to any documentation requests from Student Financial Services, as these requests may need to be fulfilled and reviewed prior to financial aid being disbursed and prior to any refund being issued. Any delay in the submission of requested documentation to Student Financial Services could result in a delay of a financial aid refund being processed.

Credit balances resulting from personal cash type (cash, personal checks, money orders, cashiers checks credit card and wire transfer) payments being applied to a student account are held until the end of the spring semester. Refunds of cash type sourced credit balances will be processed with 14 days if the student requests it in writing before then. Students are strongly encouraged to sign up for eRefund through Self-Service in CASHNet. www.saic.edu/refunds